Martin Berkeley
Key takeaway points The latest draft measures focus on the application of Principle 6 of the FCA’s Principles for Business (“a firm must pay due regard to the interests of its customers and treat them fairly”) and primarily cover (i) motor finance and high-cost agreements which...
The FCA has linked the guidance on vulnerable customers to its Principles for Business, making it clear what the standards set by the principles mean for firms. The guidance sets out what firms should do to meet those standards. However, the regulator said firms were not bound to adopt or f...
The proposed right for customers to initiate Private Right of Action (PROA) proceedings against firms for loss caused by a breach of the Consumer Principle (or any of the FCA Principles for Business) will not be introduced. This was strongly resisted by industry given the potential extension o...
As detailed in the FCA’s Final Notice ,The Carphone Warehouse was found to have breached Principle 3 (Management and control), Principle 6 (Customers’ interests) and Principle 9 (Customers: relationships of trust) of the FCA’s Principles for Businesses during the period 1 December 2008 and...
Industry ad choice programs: FCA US adheres to Digital Advertising Alliance self-regulatory principles for online behavioral advertising. For more information about interest-based advertising and how to opt out go to: www.aboutads.info/choices (Digital Advertising Alliance(US)) or www.youradchoices....
She additionally made clear that this objective does not apply to the FCA’s supervision work, stating “we are open for business, not for exploitation”. Innovation Lastly, Pritchard identified innovation as a key factor in supporting the UK economy. ...
shall pay all the money immediately.Singapore Lo Kee business Limited (hereinafter referred to as A company) and Chinese Tengfei trading company (hereinafter referred to as C company) CIP (Shanghai) entered into a contract, sales of 500 tons of sugar, by the A company to the insurance ...
It provides a set of good practice recommendations to help entities across the economy make high‑quality, consistent and compatible transition plan disclosures. The TPT Framework’s disclosure requirements are set under three principles for entities of “Ambition, Action,...
The key proposals include (by comparison to the current premium listing rules): the creation of a single listing category for equity shares based on a single set of listing principles and related provisions, removing the distinction between standard and premium listing; a modified sponsor regime...